Google AI core figure Jeff Dean announces his departure, with Google shares plunging 3% in short-term trading.

Estimated in line with Shanghai Stock Exchange (SSE) STAR Market conventions, the online subscription winning rate for Unitree Technology’s August 10 initial public offering (IPO) is likely around 0.03%, roughly one-tenth of the rate for previously hot stock Changxin Technology, which had a 0.47% winning rate. Of the approximately 40.4464 million shares planned for public offering, only about 6.47 million will be allocated to the initial online subscription tranche. Per the rule that one subscription lot is assigned for every RMB 5,000 in SSE market value, investors holding over RMB 16 million in SSE positions would roughly need that amount to secure one winning lot. Unitree founder Wang Xingxing holds a 31.29% stake. External shareholders include Meituan-affiliated entities (9.65%), Sequoia China (7.11%), Matrix Partners China (5.45%), Xiaomi-backed Shunwei Capital (4.425%), CITIC Securities (4.49%), Alibaba, Tencent, and ByteDance, which hold stakes of 0.673%, 0.596%, and 0.596% respectively. Beijing Robot Industry Development Investment Fund holds 3.83%, Shenzhen Venture Capital-related entities hold around 2.55%, and China Internet Investment Fund holds 2.11%. Unitree posted 1.699 billion yuan in revenue and 591 million yuan in non-recurring net profit for 2025.

On Trade.xyz, Unitree’s pre-IPO perpetual contract is quoted at $68.2, equivalent to approximately 460 yuan. This translates to a post-listing market cap of around $27.9 billion, or roughly 190.6 billion yuan. Based on the IPO prospectus, the target offering valuation is about 42 billion yuan, which is expected to deliver a 4.5x return for new investors after the stock opens for trading. Unitree plans to issue approximately 40.45 million shares for its Shanghai Stock Exchange STAR Market IPO, accounting for 10% of the total share capital post-issuance. The IPO prospectus sets a target offering valuation of 42 billion yuan; the 40.45 million shares correspond to an offering market cap of 4.2 billion yuan, with an estimated share price of around 104 yuan (the final price will be determined via bookbuilding and may be adjusted). Each lot consists of 500 shares, with an estimated subscription payment of about 52,000 yuan per successful lot. Calculated based on Trade.xyz’s pricing, the opening would yield a 4.5x return, meaning each 500-share lot is worth 234,000 yuan, translating to a profit of approximately 182,000 yuan after deducting subscription payments.

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In terms of market cap", stating its goal to become the world's largest company by market cap by holding the most capital (BTC), issuing the strongest credit (STRC), and creating the best equity (MSTR). Founder Michael Saylor remarked, "Think ?igger." Strategy plans to issue STRC to support its digital credit business, which will help generate higher-quality MSTR equity. This equity, in turn, will enhance the company’s ability to accumulate more BTC, forming a triple flywheel that continuously increases the number of BTC per share. Its core targets include achieving a 30% BTC annualized rate of return (ARR), selling digital credit equivalent to 10-20% of its BTC reserves annually, and doubling its Bitcoin Per Share (BPS) metric within 7 years through its digital credit operations.

Strategy has released a video titled "Strategy's Ambition is to be the World's Largest Company In Terms of Market Cap", outlining its goal to become the world’s largest firm by market capitalization through three core pillars: holding the most capital (Bitcoin, BTC), issuing the strongest credit instrument (STRC), and creating the best equity (MSTR). Founder Michael Saylor emphasized: "Think ?igger." The company plans to issue STRC to back its digital credit business, which will help generate stronger MSTR equity—enhancing Strategy’s ability to accumulate more BTC and ultimately drive a continuous increase in the number of bitcoins per share.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

Coinbase has announced it will suspend trading for six non-U.S. dollar trading pairs on August 6. The affected pairs are LSETH-ETH, MINA-EUR, GRT-GBP, MASK-GBP, CHZ-USDT, and CRO-USDT. The platform stated that the suspension only impacts these non-USD denominated trading pairs, adding that eligible Coinbase Advanced Trade users in supported regions can still trade these assets via USD order books.